This trade activity should not be overlooked: Coupa Software Incorporated (COUP)

Coupa Software Incorporated (NASDAQ: COUP) stock jumped 0.40% on Friday to $75.66 against a previous-day closing price of $75.36. With 1.24 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.96 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $76.28 whereas the lowest price it dropped to was $73.74. The 52-week range on COUP shows that it touched its highest point at $270.79 and its lowest point at $50.54 during that stretch. It currently has a 1-year price target of $93.00. Beta for the stock currently stands at 1.49.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of COUP was up-trending over the past week, with a rise of 15.76%, but this was up by 23.26% over a month. Three-month performance dropped to -17.73% while six-month performance fell -41.77%. The stock lost -65.06% in the past year, while it has lost -52.13% so far this year. A look at the trailing 12-month EPS for COUP yields -4.84 with Next year EPS estimates of 0.58. For the next quarter, that number is 0.09. This implies an EPS growth rate of -95.50% for this year and 123.55% for next year. EPS is expected to grow by 23.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -22.20%.

Float and Shares Shorts:

At present, 75.18 million COUP shares are outstanding with a float of 75.07 million shares on hand for trading. On Jul 14, 2022, short shares totaled 5.14 million, which was 6.80% higher than short shares on Jun 14, 2022. In addition to Mr. Robert Bernshteyn as the firm’s Chairman & CEO, Mr. Anthony Tiscornia serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 105.36% of COUP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.24% of COUP, in contrast to 41.71% held by mutual funds. Shares owned by individuals account for 25.55%. As the largest shareholder in COUP with 8.81% of the stake, The Vanguard Group, Inc. holds 6,658,069 shares worth 6,658,069. A second-largest stockholder of COUP, T. Rowe Price Associates, Inc., holds 5,142,074 shares, controlling over 6.81% of the firm’s shares. Meritage Group LP is the third largest shareholder in COUP, holding 4,343,570 shares or 5.75% stake. With a 2.94% stake in COUP, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 2,222,001 shares are owned by the mutual fund manager. The Morgan Stanley Invt. Fds. – US Ad, which owns about 2.41% of COUP stock, is the second-largest Mutual Fund holder. It holds 1,822,235 shares valued at 104.05 million. T Rowe Price New Horizons Fund holds 2.26% of the stake in COUP, owning 1,708,777 shares worth 97.57 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for COUP since 28 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 14 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With COUP analysts setting a high price target of $100.00 and a low target of $61.00, the average target price over the next 12 months is $81.18. Based on these targets, COUP could surge 32.17% to reach the target high and fall by -19.38% to reach the target low. Reaching the average price target will result in a growth of 7.3% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. COUP will report FY 2023 earnings on 03/14/2023. Analysts have provided yearly estimates in a range of $0.44 being high and $0.21 being low. For COUP, this leads to a yearly average estimate of $0.26. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Coupa Software Incorporated surprised analysts by $0.03 when it reported $0.08 EPS against a consensus estimate of $0.05. The surprise factor in the prior quarter was $0.14. Based on analyst estimates, the high estimate for the next quarter is $0.14 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.09.

Summary of Insider Activity:

Insiders traded COUP stock several times over the past three months with 12 Buys and 7 Sells. In these transactions, 40,678 shares were bought while 16,543 shares were sold. The number of buy transactions has increased to 69 while that of sell transactions has risen to 101 over the past year. The total number of shares bought during that period was 329,616 while 279,098 shares were sold.

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